Sector Alpha Week of 2026-08-05
Sector Alpha — machine-written from the numbers · Data as of 2026-08-05

Neptune Insurance Holdings Inc.

NP
Financials · Insurance Brokers

Neptune Insurance Holdings Inc.'s balance sheet is under water — net worth is negative, so it owes more than it owns. This is a distressed, high-risk situation — the equity can be wiped by dilution or restructuring before operations recover. Not a value setup.

Biggest watch item: the price is not yet in a confirmed uptrend — timing risk, not thesis risk.

The price is between stages. But the balance sheet is under water: net worth is negative, so shareholders sit behind everyone the company owes. What settles it: whether the business can earn its way back to positive equity before dilution or restructuring gets there first.

Price
$31.9
Revenue (Mar 26)
$0.0 B
+33.3% YoY
Profit (Mar 26)
$0.0 B
+0.0% YoY
Net margin
25.0%
−8.3 pp YoY
ROA
56.60%
latest
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Neptune Insurance Holdings Inc. trades at $31.9, between stages. That is +21.8% against its own 200-day average. It sits at 91% of a 52-week range of $19 to $33. On relative strength it has been ahead of the S&P 500 on a trailing-13-week view for 14 straight weeks.

Today the stock is between stages. At $31.9 it trades +21.8% versus its 200-day average and sits at 91% of its 52-week range ($19–$33).

Aug 26: $31.9 Weekly closing price ($) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 1-year window.
+21.8% versus the 200-day line, week — of stage —
Price50-day avg200-day avg
$34.4$30.2$26.1$21.9$17.7$$32$26Oct 25Dec 25Mar 26May 26Aug 26
$34.4$30.2$26.1$21.9$17.7$$32$26Oct 25Mar 26Aug 26
Beating or trailing, week by week since 2025 Each cell is one week from 2025 to now (45 weeks): the stock's trailing 13-week return minus the S&P 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the S&P 500 reading is not held.
trailing 13-week return vs the S&P 500
Oct 25Aug 26

Against the market, two honest reads. Cumulative: over the last 10 months the stock moved +5% while the S&P 500 moved +15% — behind the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 14 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation For a bank we price the book, not the earnings: P/BV is what the market pays for each $1 of the bank's net worth. A bank below 1× book is priced below the value of what it owns, net of what it owes.

P/BV does not price Neptune Insurance Holdings Inc. — earnings are negative, so there is no multiple to rank against its own history. The revenue and margin lines below are where a turn, when it comes, would show first. On sales the market values Neptune Insurance Holdings Inc. at 25.0× its FY25 revenue of $0.2 B.

With earnings negative, P/BV does not price — there is no multiple to rank against its own history. The revenue and margin lines below are where the turn, when it comes, will show first.

P/BV
earnings negative
PEG
2.14
as reported

Put together: the multiple is unremarkable against its own past, so the story rests on the book-value line underneath it, not the multiple.

03 · Stage: No read

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Neptune Insurance Holdings Inc. reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read.

Growth, year by year: revenue +33.3% in FY25, profit +33.3% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
51%86%46%−7.7%42%−101%37%−195%32%−288%%%33.3%33.3%FY23FY24FY25
51%86%46%−7.7%42%−101%37%−195%32%−288%%%33.3%33.3%FY23FY24FY25
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfit
34.5%8.0%33.9%−21%33.3%−50%32.7%−79%32.1%−108%%%33.3%0%Sep 24Jun 25Mar 26
34.5%8.0%33.9%−21%33.3%−50%32.7%−79%32.1%−108%%%33.3%0%Sep 24Jun 25Mar 26
ROE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROE
−17%−19%−20%−22%−24%%−17.4%FY24FY25
−17%−19%−20%−22%−24%%−17.4%FY24FY25

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; stock price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+33.3%
Profit+33.3%
Revenue YoY (Mar 26)
+33.3%
latest quarter vs a year ago
Profit YoY (Mar 26)
+0.0%
latest quarter vs a year ago
Revenue 10y
41.4%
long-run compound pace
04 · 4-Factor Sector Score

4-Factor Sector Score

50.5/100 — rank 13 of 15 in Insurance Brokers · 28% evidence confidence · provisional, ranked below fully-evidenced peers

Neptune Insurance Holdings Inc. scores 50.5 out of 100 against the 15 companies it is compared with in Insurance Brokers, ranking 13. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 16.2 + 14.5 + 9.8 + 10 = 50.5. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if ROA rolls over or gross NPA rises while sector-relative strength deteriorates.

05 · Revenue

Revenue For a bank, revenue is everything the franchise earns — interest on the loan book plus fees from its businesses.

Neptune Insurance Holdings Inc. reported $0.0 B of income in the Mar 26 quarter, +33.3% year on year. That is the 3rd straight quarter of year-on-year growth. Over 2 years it has compounded at 41.4% a year. The last full year, FY25, came in at $0.2 B. The last four reported quarters add to $0.2 B.

FY25 revenue came in at $0.2 B (+33.3% on the year), capping 2 years at 41.4% compound. The latest quarter (Mar 26) printed $0.0 B, +33.3% year on year — the 3rd consecutive quarter of year-over-year growth.

FY25 revenue $0.2 B (+33.3% YoY) Revenue bars, $ B (left); YoY growth-% line (right). 3-year window. A bar is red when it is lower than the year before.
41.4% a year over 2 years
RevenueYoY growth
0.1751%0.1346%0.0942%0.0437%0.0032%$ B%$0B33.3%FY23FY24FY25
0.1751%0.1346%0.0942%0.0437%0.0032%$ B%$0B33.3%FY23FY24FY25
Mar 26: $0.0 B (+33.3% YoY) Quarterly revenue bars, $ B (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
3rd straight quarter of growth
Revenue (quarterly)YoY growth
0.0434.5%0.0333.9%0.0233.3%0.0132.7%0.0032.1%$ B%$0B33.3%Sep 24Jun 25Mar 26
0.0434.5%0.0333.9%0.0233.3%0.0132.7%0.0032.1%$ B%$0B33.3%Sep 24Jun 25Mar 26

Pace check: the last four quarters averaged +33.3% growth against the decade's 41.4% — the current year is running slower than its own long-run rate.

06 · Net margin

Net margin Net margin — what the bank keeps of every $100 of revenue after every cost, provision and tax. With big fee businesses in the mix, it is the cleanest margin we can read for this bank.

Neptune Insurance Holdings Inc.'s net margin is 25.0% in the Mar 26 quarter, −8.3 percentage points against the same quarter a year ago. Across 3 fiscal years the net margin has ranged 25.0% to 25.0%. The current quarter sits inside that band.

The latest quarter's net margin is 25.0%, −8.3 pp against the same quarter a year ago. Across 3 fiscal years the net margin has ranged 25.0%–25.0%.

Why: the numbers show the net margin move clearly, but the cost lines behind it sit below what we hold — so we state the move without inventing its driver.

FY25: 25.0% Net margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 3-year window.
within a 25.0–25.0% band over 3 years
net marginYoY change (pp)
26.2%1.2%25.6%0.6%25.0%0.0%24.4%−0.6%23.8%−1.2%%%25%0%FY23FY24FY25
26.2%1.2%25.6%0.6%25.0%0.0%24.4%−0.6%23.8%−1.2%%%25%0%FY23FY24FY25
Mar 26: 25.0% net margin (−8.3 pp YoY) Quarterly net margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Net profit as a share of total revenue, per quarter.
Net marginYoY change (pp)
36%−6.3%26%−14%17%−21%7.0%−28%−2.7%−35%%%25%−8.3%Sep 24Jun 25Mar 26
36%−6.3%26%−14%17%−21%7.0%−28%−2.7%−35%%%25%−8.3%Sep 24Jun 25Mar 26
07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Neptune Insurance Holdings Inc. earned $0.0 B of net profit in the Mar 26 quarter, +0.0% year on year. Full-year FY25 profit was $0.0 B. The 2-year compound rate is 41.4%. That is 25.0% of the quarter's revenue. The same quarter a year earlier earned $0.0 B.

Mar 26 profit was $0.0 B, +0.0% year on year. On the full year, FY25 printed $0.0 B (+33.3%), and the 2-year compound rate is 41.4%.

FY25 profit $0.0 B (+33.3% YoY) Net profit bars, $ B (left); YoY growth-% line (right). 3-year window. A bar is red when it is lower than the year before.
41.4% a year over 2 years
Net profitYoY growth
0.0451%0.0346%0.0242%0.0137%0.0032%$ B%$0B33.3%FY23FY24FY25
0.0451%0.0346%0.0242%0.0137%0.0032%$ B%$0B33.3%FY23FY24FY25
Mar 26: $0.0 B (+0.0% YoY) Quarterly net profit bars, $ B (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
0.0118.0%0.008−21%0.005−50%0.003−79%0.000−108%$ B%$0B0%Sep 24Jun 25Mar 26
0.0118.0%0.008−21%0.005−50%0.003−79%0.000−108%$ B%$0B0%Sep 24Jun 25Mar 26

🚨 Why profit moved: revenue contributed +33.3% and the margin −8.3 pp — the quarter was revenue-led despite a thinner margin.

Pace comparison, last four quarters: profit −33.3% vs revenue +33.3%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

08 · Asset quality — the ladder

Asset quality — the ladder Gross NPA is the slice of the loan book where repayments have stopped. Net NPA is what remains after the money already set aside against those loans. Falling is healing; rising is damage arriving.

Loan-book quality history is not available for Neptune Insurance Holdings Inc., so this section names the gap rather than estimating a ratio. No gross or net non-performing-asset series is filed in a form this page can read, and none is inferred from the profit line. The income, margin and return sections above carry the evidence this business does report.

We do not hold quarterly loan-book quality numbers for this bank, so this section states that plainly rather than working around it.

Why: loan-book quality is the engine room of a bank, and its drivers — slippages, recoveries, provisioning — sit below what we hold for this name; the sections around it carry the reads we can stand behind.

09 · The loan book

The loan book We read the loan book through revenue — when the book and the businesses grow, revenue grows with them. It is a rough proxy, and we say so: rate moves and fee swings can shift it a few points in any one year.

Neptune Insurance Holdings Inc.'s revenue grew +33.3% in FY25 to $0.2 B, so the book is growing. The latest quarter ran +33.3% year on year. The net margin on that income is 25.0%, −8.3 percentage points against a year ago. Interest income is a proxy for the book; rate moves can shift it a few points in any one year.

FY25 revenue was $0.2 B, +33.3% on the year, and the latest quarter ran +33.3% year on year. The net margin on that revenue is 25.0% this quarter (−8.3 pp YoY) — growth with a narrowing margin on it.

FY25: revenue $0.2 B (+33.3% YoY) with the net margin at 25.0% Revenue by fiscal year, $ B (bars, left); net margin, % (line, right). 3-year window. A bar is red when it is lower than the year before.
RevenueNet margin
0.1726.2%0.1325.6%0.0925.0%0.0424.4%0.0023.8%$ B%$0B25%FY23FY24FY25
0.1726.2%0.1325.6%0.0925.0%0.0424.4%0.0023.8%$ B%$0B25%FY23FY24FY25

The synthesis: a lender compounds when the book grows while the margin holds and the loan book stays clean — with quarterly loan-quality numbers missing here, revenue growth and margin are the two we watch.

10 · Returns on equity and assets

Returns on equity and assets Two numbers rate a bank: ROE — what it earns on shareholder money — and ROA — what it earns on everything it deploys. ROE above ~13–15% earns its keep; below that, growth builds book slowly.

Neptune Insurance Holdings Inc. earns a return on equity of −17% in FY25. On the asset side every $100 of the balance sheet earned about $56.60, which is the return before leverage is applied. For a lender the balance sheet is the operating asset, so equity return and asset return have to be read together.

FY25 ROE came in at −17%. On assets, the latest reading is about 56.60% — every $100 the bank deploys earns roughly $56.60 a year. That return is below the bar a bank must clear to compound book value quickly — which is also the honest reason the stock trades where it does.

FY25: ROE −17%, ROA 87.30% Return on equity by fiscal year, % (line, left); return on assets, % (line, right). 2-year window. A lender is judged on ROE and ROA — return on invested capital does not apply to a bank.
the full ladder
ROEROA
−17%222%−19%186%−20%150%−22%113%−24%77%%%−17.4%87.3%FY24FY25
−17%222%−19%186%−20%150%−22%113%−24%77%%%−17.4%87.3%FY24FY25
Jun 26: ROE −14.2% (TTM), ROA 35.40% Trailing-twelve-month return on equity (left) and on assets (right), per quarter, %. Last 6 quarters, anchored to the annual figure.
ROE (TTM)ROA (TTM)
−1.2%65%−6.0%51%−11%36%−16%22%−21%7.2%%%−14.2%35.4%Sep 24Sep 25Jun 26
−1.2%65%−6.0%51%−11%36%−16%22%−21%7.2%%%−14.2%35.4%Sep 24Sep 25Jun 26

Why: the ROE ladder shows the move; the deposit-cost and provisioning drivers behind it sit below what we hold.

11 · Dividend

Dividend

Neptune Insurance Holdings Inc. pays no dividend. Across the last 7 reported quarters it has declared no dividend per share, so there is no payout history to chart and no yield to quote. Companies at this stage typically reinvest earnings rather than distribute them, which makes the cash-flow and reinvestment sections the place that cash shows up.

Neptune Insurance Holdings Inc. does not currently pay a dividend. Across the last 7 reported quarters the company has declared no dividend per share, so there is no payout history to chart and no yield to quote. Companies at this stage typically reinvest earnings instead of distributing them.

12 · Debt

Debt

For a bank, borrowings are raw material, not a warning sign — solvency is read through the returns and the loan book. A manufacturer’s debt is a claim against its profits, so the debt-to-equity lens that works everywhere else misleads on a lender and is not applied here.

A manufacturer’s debt is a claim against its profits; a bank’s borrowings are its inventory — money taken in to be lent out. The debt lens that works everywhere else misleads here, so this page does not apply it. The solvency questions for a bank — is the loan book sound, is the equity earning — are read through the loan-book and returns sections above.

13 · Ownership

Ownership There is no quarter-by-quarter holder register to read here, so we read the crowd through short interest — the slice of tradable shares currently sold short, positioned for a fall.

5.1% of Neptune Insurance Holdings Inc.'s tradable float is currently sold short — some money is positioned against it. At typical trading volumes those positions would take about 2.1 days to buy back. There is no quarter-by-quarter holder register to read for this filer, so the crowd is read through short interest instead.

The latest reading: 5.1% of the float is sold short, and at typical trading volumes it would take about 2.1 days to buy those positions back. Some money is positioned against it. This is a single point-in-time reading — we do not yet hold its history, so we show no trend chart.

Short interest
5.1%
of the tradable float
Days to cover
2.1
at typical volumes

Why it sits there: who is doing the shorting, and why, does not travel with the number — the level is shown without inventing its story.

14 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Neptune Insurance Holdings Inc.: the Z-score is omitted — it was built for manufacturers, not banks, and applying it here would be theatre. The Z-score was built for manufacturers and is not applied to banks and lenders, so solvency here is read from the capital and asset-quality lines instead.

The safety line in one sentence: the Z-score is omitted — it was built for manufacturers, not banks, and applying it here would be theatre.

15 · Related companies · Insurance Brokers
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1TWFG, Inc.TWFG 61.8/100Mixed-positive evidence70% evidence BREAKING OUT 25.6/35 Income 25.9% · PAT 65.5% 71% evidence 15.4/25 ROA 3.2% · ROE 4.6% · GNPA — 68% evidence 5.8/20 P/BV 3.77× · P/BV÷ROE 0.82 70% evidence 15.0/20 RS sector 6.1% · RS bench 2.3% · 1Y 6%7 of 12 weeks ahead 70% evidence
Exact sum: 25.6 + 15.4 + 5.8 + 15 = 61.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2SelectQuote, Inc.SLQT 51.1/100Mixed-positive evidence70% evidence ASLEEP 25.4/35 Income 10.3% · PAT 100% 71% evidence 14.1/25 ROA 2.5% · ROE 6.6% · GNPA — 68% evidence 8.6/20 P/BV 0.17× · P/BV÷ROE 0.03 70% evidence 3.0/20 RS sector -44.6% · RS bench -48.6% · 1Y -61.9%7 of 12 weeks ahead 70% evidence
Exact sum: 25.4 + 14.1 + 8.6 + 3 = 51.1 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -44.6% and the one-year return is -61.9%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
3Marsh & McLennan Companies, Inc.MRSH 48.0/100Mixed-negative evidence60% evidence TURNING 17.1/35 Income — · PAT — 26% evidence 16.3/25 ROA 2.4% · ROE 8.2% · GNPA — 68% evidence 7.6/20 P/BV 5.25× · P/BV÷ROE 0.64 70% evidence 7.0/20 RS sector -3.4% · RS bench -6% · 1Y -6%2 of 12 weeks ahead 100% evidence
Exact sum: 17.1 + 16.3 + 7.6 + 7 = 48 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Brown & Brown, Inc.BRO 44.2/100Mixed-negative evidence60% evidence TURNING 17.8/35 Income — · PAT — 26% evidence 11.3/25 ROA 1.1% · ROE 2.4% · GNPA — 68% evidence 7.0/20 P/BV 1.68× · P/BV÷ROE 0.7 70% evidence 8.1/20 RS sector -12% · RS bench -15.5% · 1Y -24%2 of 12 weeks ahead 100% evidence
Exact sum: 17.8 + 11.3 + 7 + 8.1 = 44.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Willis Towers Watson Public Limited CompanyWTW 44.2/100Mixed-negative evidence60% evidence TURNING 15.3/35 Income — · PAT — 26% evidence 10.4/25 ROA 1% · ROE 2.9% · GNPA — 68% evidence 4.9/20 P/BV 3.16× · P/BV÷ROE 1.09 70% evidence 13.6/20 RS sector 2.1% · RS bench -0.8% · 1Y 3.6%2 of 12 weeks ahead 100% evidence
Exact sum: 15.3 + 10.4 + 4.9 + 13.6 = 44.2 · Decision use: Price leads the evidence: RS versus the benchmark is -0.8%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
6CorVel CorporationCRVL 43.4/100Mixed-negative evidence76% evidence ASLEEP 16.2/35 Income 7.1% · PAT 9.1% 71% evidence 18.6/25 ROA 5.2% · ROE 8.7% · GNPA — 68% evidence 5.8/20 P/BV 7.06× · P/BV÷ROE 0.81 70% evidence 2.8/20 RS sector -16.6% · RS bench -19.9% · 1Y -31.4%4 of 12 weeks ahead 100% evidence
Exact sum: 16.2 + 18.6 + 5.8 + 2.8 = 43.4 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
7Erie Indemnity CompanyERIE 42.7/100Mixed-negative evidence60% evidence TURNING 14.9/35 Income — · PAT — 26% evidence 17.1/25 ROA 4.8% · ROE 7.8% · GNPA — 68% evidence 7.2/20 P/BV 5.08× · P/BV÷ROE 0.65 70% evidence 3.5/20 RS sector -17.2% · RS bench -20.2% · 1Y -31.6%2 of 12 weeks ahead 100% evidence
Exact sum: 14.9 + 17.1 + 7.2 + 3.5 = 42.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Crawford & CompanyCRD-A 39.7/100Mixed-negative evidence70% evidence TURNING 9.5/35 Income -3.2% · PAT -41.9% 71% evidence 9.8/25 ROA 1% · ROE 2.9% · GNPA — 68% evidence 5.4/20 P/BV 2.75× · P/BV÷ROE 0.95 70% evidence 15.0/20 RS sector 5.8% · RS bench 3.7% · 1Y 37.9%3 of 12 weeks ahead 70% evidence
Exact sum: 9.5 + 9.8 + 5.4 + 15 = 39.7 · Decision use: Price leads the evidence: RS versus the benchmark is 3.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
9Arthur J. Gallagher & Co.AJG 37.8/100Mixed-negative evidence60% evidence BREAKING OUT 18.2/35 Income — · PAT — 26% evidence 8.1/25 ROA 0.6% · ROE 1.4% · GNPA — 68% evidence 3.8/20 P/BV 2.49× · P/BV÷ROE 1.78 70% evidence 7.7/20 RS sector -6.9% · RS bench -10.2% · 1Y -14.3%5 of 12 weeks ahead 100% evidence
Exact sum: 18.2 + 8.1 + 3.8 + 7.7 = 37.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Aon plcAON 37.7/100Mixed-negative evidence60% evidence BREAKING OUT 16.6/35 Income — · PAT — 26% evidence 12.9/25 ROA 1.3% · ROE 6.3% · GNPA — 68% evidence 3.5/20 P/BV 7.39× · P/BV÷ROE 1.17 70% evidence 4.7/20 RS sector -4.4% · RS bench -6.7% · 1Y -2.7%4 of 12 weeks ahead 100% evidence
Exact sum: 16.6 + 12.9 + 3.5 + 4.7 = 37.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11Accelerant HoldingsARX 32.3/100Thin evidence · provisional58% evidence ASLEEP 12.7/35 Income 54.2% · PAT -4779.3% 71% evidence 6.2/25 ROA -0.1% · ROE -0.7% · GNPA — 68% evidence 9.6/20 P/BV 4.27× · P/BV÷ROE — 10% evidence 3.8/20 RS sector -22.5% · RS bench -25.5% · 1Y -55.8%4 of 12 weeks ahead 70% evidence
Exact sum: 12.7 + 6.2 + 9.6 + 3.8 = 32.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
12Goosehead Insurance, Inc.GSHD 62.2/100Thin evidence · provisional48% evidence BREAKING OUT 21.0/35 Income — · PAT — 26% evidence 13.3/25 ROA 5.1% · ROE -10.7% · GNPA — 68% evidence 9.8/20 P/BV -10.27× · P/BV÷ROE — 10% evidence 18.1/20 RS sector 6.9% · RS bench 1.4% · 1Y -20.3%6 of 12 weeks ahead 100% evidence
Exact sum: 21 + 13.3 + 9.8 + 18.1 = 62.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
13Neptune Insurance Holdings Inc.this pageNP 50.5/100Thin evidence · provisional28% evidence FADING 16.2/35 Income — · PAT — 26% evidence 14.5/25 ROA 35.4% · ROE -14.2% · GNPA — 68% evidence 9.8/20 P/BV -19.45× · P/BV÷ROE — 10% evidence 10.0/20 RS sector — · RS bench — · 1Y —11 of 12 weeks ahead 0% evidence
Exact sum: 16.2 + 14.5 + 9.8 + 10 = 50.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
14The Baldwin Insurance Group, Inc.BWIN 48.1/100Thin evidence · provisional48% evidence BREAKING OUT 13.6/35 Income — · PAT — 26% evidence 5.3/25 ROA -0.2% · ROE -4.5% · GNPA — 68% evidence 9.8/20 P/BV 2.9× · P/BV÷ROE — 10% evidence 19.4/20 RS sector 8.6% · RS bench 4.5% · 1Y -10.6%6 of 12 weeks ahead 100% evidence
Exact sum: 13.6 + 5.3 + 9.8 + 19.4 = 48.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
15Ethos Technologies Inc.LIFE 37.7/100Thin evidence · provisional44% evidence ASLEEP 13.1/35 Income 67% · PAT -305.8% 71% evidence 4.8/25 ROA -30.8% · ROE -42.6% · GNPA — 68% evidence 9.8/20 P/BV 1.59× · P/BV÷ROE — 10% evidence 10.0/20 RS sector — · RS bench — · 1Y —11 of 12 weeks ahead 0% evidence
Exact sum: 13.1 + 4.8 + 9.8 + 10 = 37.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led S&P 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

16 · Frequently asked questions

Frequently asked questions

What is Neptune Insurance Holdings Inc.'s stock price today?

Neptune Insurance Holdings Inc. trades at $31.9. The company is valued at $4.0 B. The stock sits at 91% of its 52-week range of $19–$33, +21.8% versus its 200-day average. Against the S&P 500 it has been ahead on a trailing-13-week view for 14 weeks. — as of 5 August 2026.

What were Neptune Insurance Holdings Inc.'s latest quarterly results?

Neptune Insurance Holdings Inc. reported total income of $0.0 B and net profit of $0.0 B for the Mar 26 quarter. Income rose 33.3% and profit rose 0.0% year on year. Earnings per share were $0.05. The net margin was 25.0%, 8.3 pp lower than a year earlier. — as of 5 August 2026.

What is Neptune Insurance Holdings Inc.'s revenue?

Neptune Insurance Holdings Inc. reported revenue of $0.0 B in the Mar 26 quarter, +33.3% year on year. For the full FY25 fiscal year, revenue was $0.2 B (+33.3%). Over the last 2 years revenue compounded at 41.4% a year. — as of 5 August 2026.

What is Neptune Insurance Holdings Inc.'s profit?

Neptune Insurance Holdings Inc. earned $0.0 B of net profit in the Mar 26 quarter, +0.0% year on year. Full-year FY25 profit was $0.0 B. The net margin ran 25.0% in the latest quarter. — as of 5 August 2026.

What is Neptune Insurance Holdings Inc.'s market cap?

Neptune Insurance Holdings Inc.'s market capitalisation is $4.0 B at a stock price of $31.9. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 5 August 2026.

Does Neptune Insurance Holdings Inc. pay a dividend?

No — Neptune Insurance Holdings Inc. has declared no dividend per share in any of its last 7 reported quarters, so there is no payout history and no yield to quote. That is a reading of the filed statements, not an estimate. — as of 5 August 2026.

Is Neptune Insurance Holdings Inc. growing?

The picture is mixed for Neptune Insurance Holdings Inc.: latest-quarter revenue +33.3% year on year, profit +0.0%, and the the net margin −8.3 pp at 25.0%. The 2-year compound rates are 41.4% (revenue) and 41.4% (profit). The earnings engine currently reads: mixed — as of 5 August 2026.

How is Neptune Insurance Holdings Inc. performing?

Neptune Insurance Holdings Inc.'s latest readings are below. Its latest quarter's income rose 33.3% and profit rose 0.0% year on year. Against the S&P 500 it has been ahead on a trailing-13-week view for 14 weeks. This describes what the data did, not a rating. — as of 5 August 2026.

Is Neptune Insurance Holdings Inc. beating the market?

On recent form, yes — Neptune Insurance Holdings Inc. has been ahead of the S&P 500 on a trailing-13-week view for 14 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10 months the stock moved +5% against the S&P 500's +15% — behind the index over the full window. — as of 5 August 2026.

Will Neptune Insurance Holdings Inc.'s stock price go up?

This page publishes no price forecast for Neptune Insurance Holdings Inc. What it measures instead: the stock price is $31.9. Direction is not something this site claims to know. — as of 5 August 2026.

Is the market betting against Neptune Insurance Holdings Inc.?

Somewhat — short interest is 5.1% of Neptune Insurance Holdings Inc.'s tradable float, about 2.1 days to cover at typical volumes. A moderate reading: some money is positioned against it. With no quarter-by-quarter holder register here, short interest is the cleanest crowd read we hold — as of 5 August 2026.

Is Neptune Insurance Holdings Inc.'s loan book healthy?

We do not hold quarterly loan-book quality numbers for Neptune Insurance Holdings Inc., so this page says that plainly. The cleanest available reads are revenue growth (+33.3% in FY25) and the net margin on it (25.0%) — as of 5 August 2026.

Where is Neptune Insurance Holdings Inc. in its business cycle?

Neptune Insurance Holdings Inc.'s FY25 net margin was 25.0%, against a 3-year band of 25.0%–25.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 25.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 5 August 2026.

What could break the Neptune Insurance Holdings Inc. story?

Biggest watch item: the price is not yet in a confirmed uptrend — timing risk, not thesis risk. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 5 August 2026.

Is Neptune Insurance Holdings Inc. a stock worth studying right now?

This is not investment advice. The machine read: Neptune Insurance Holdings Inc.'s balance sheet is under water — net worth is negative, so it owes more than it owns. This is a distressed, high-risk situation — the equity can be wiped by dilution or restructuring before operations recover. Not a value setup. The sharpest open question: whether the business can earn its way back to positive equity before dilution or restructuring gets there first. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 5 August 2026.

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